Hike in Policy Rates will Impact the Real Estate Sector
The property consultants see hike in policy rates that is proving a minimal effect on taming inflation, on all- round cost. Mr Pranab Datta, Vice-Chairman and Managing Director, Knight Frank India reported saying that the rising inflation is for further tightening of the key policy rates in the financial market and also the prospective buyers themselves holding capacity of the developers is said to be impacting the financial market directly. Mr Pradeep Jain the Chairman of Confederation of Real Estate Developers’ Association of India reported saying that the steps are taken to improve supply system and also this increase by RBI will be resulting in the minimal effect on inflation.
Business, Chairman & Managing Director, Confederation of Real Estate Developers' Association of India, Jones Lang LaSalle India, Knight Frank India, Policy Rates, Prospective buyers, RBI policy, Rustomjee, Sunil Mantri Group, Taming inflation
